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India Government’s April-August Financials Position Continues To Show Healthy, Upbeat Trend: CARE Ratings

India Government’s April-August Financials Position Continues To Show Healthy, Upbeat Trend: CARE Ratings

A tree is reflected in a puddle as traffic stands at a junction in front of the South Block of the Central Secretariat buildings (Photographer: Anindito Mukherjee/Bloomberg)  
A tree is reflected in a puddle as traffic stands at a junction in front of the South Block of the Central Secretariat buildings (Photographer: Anindito Mukherjee/Bloomberg)  

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CARE Ratings Research Report

The Central government’s finances continued to show healthy and upbeat trend for the first five months (April-August) compared to the same period last year.

Fiscal deficit touched 31.1% of the annual target at end of August and was significantly lower than the last year’s figure of 109.3% for the same period.

Robust revenue realisation led by stronger-than-expected tax and non-tax collections coupled with calibrated expenditure so far has benefitted the government’s fiscal position.

Capital expenditure at 31% of the target also showed encouraging trend in line with the government’s push for infrastructure spending.

However, disinvestment realisations have been tepid with only 5% of the target achieved so far.

Click on the attachment to read the full report:

CARE Ratings Fiscal Update August 2021.pdf

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